Note 13 – Subsequent Events

The Company has evaluated all events that occurred after the balance sheet date of December 31, 2019, through April 1, 2020, the date when financial statements were issued to determine if they must be reported. The Company's subsequent events are as follows:

Agreements

On January 9, 2020, the Company issued 20,000 shares of its common stock with a fair value of $0.75 per share, or $15,000, in connection with a consulting agreement. The consulting agreement expires on November 9, 2020.

On January 10, 2020, the Company entered into a convertible promissory note with a principal balance totaling $103,093. The note contains an OID totaling $3,093 and the Company received net proceeds of $100,000. The note bears interest at 8% per annum and is due on demand.

On February 1, 2020, the Company entered into a collaboration agreement to support its intellectual property strategy. The Company will pay a monthly fee of $50,000 commencing on February 28, 2020. The agreement may be terminated by either party upon a 30-day written notice.

On March 9, 2020, the Company entered into a convertible promissory note with a principal balance totaling $257,732. The note contains an OID totaling $7,732 and the Company received net proceeds of $250,000. The note bears interest at 8% per annum and matures on March 10, 2021. In connection with the note, the Company issued 100,000 shares of its common stock with a fair value of $75,000 or $0.75 per share.

On March 28, 2020, the Company entered into a convertible promissory note with a principal balance totaling $257,732. The note contains an OID totaling $7,732 and the Company received net proceeds of $250,000. The note bears interest at 8% per annum and matures on March 29, 2021.